Tharisa Share Discussion Threads

[neal morris] 01/3/2000 12:16

Price seems a little downward pressured, any views where this might go peeps?

[jonc] 28/2/2000 08:09

Confirmation: Date: 28 Feb 2000 07:58:44 Service: AFX LONDON (AFX) - Farlake Group PLC said it agreed a bid from Talisman House PLC for approximately 26.5 mln stg, Talisman announced. The offer values each Farlake share at approximately 819 pence on the basis of the 3.24 mln shares in issue and constitutes a premium of 41 pct to the closing middle market price of 580 pence per share at the close of business on Feb 25. The deal consists of offering 92 new Talisman shares for every 10 Farlake shares. Alternatively, each Farlake Shareholder will be entitled to a cash consideration of 800 p/share for up to 23.5 pct of the Farlake shares for which they accept the offer. Talisman said the acquisition is in line with its strategy of developing a technology and media0focused full-range financial services group with on-line dealing capabilities. ob/ak

[cutyourlosses] 28/2/2000 07:49

There is an "A" next to Talisman House, but no new news. What is going on ?

[capitalist] 28/2/2000 00:53

No problem, THS look to me to aiming for a one stop shop for financial services, with a touch of Durlacher built in. Interesting strategy, which in my opinion should see their share price increase rapidly. C

[mentesh] 27/2/2000 16:38

Funds top £500m as Farlake reports record year Shares in fund management group Farlake (FAK) have recovered nicely since last September's lapsed bid from German-based Value Management and Research. Recommended as one of our 'Three of the Best' stocks to buy for 1999 at 325p, the shares are currently trading at 422.5p. But investors should hang on for further gains following the release of record pre-tax profits for the year ended September 30th 1999 and news that funds under management now stand at over £509m compared to £380m at the end of 1998. As expected 1999 was another year of rapid growth for the Bristol-based Group. Several main objectives were achieved including the integration of Rowan & Co Investment Management, the Group's first SFA regulated subsidiary acquired earlier in the year. Pre-tax profits for the year consequently jumped 91% to £1.1m (1998: £590k) as revenues climbed 68% to £3.9m (1998: £2.4m). Importantly, net cash inflow during the period more than doubled to £1.1m (1998: £539k), reflecting the high income levels which Farlake is capable of generating from funds under management. Pre-tax profits for the current year are forecast to reach £1.6m, equating to EPS of 40.4p (1999: 29.5p). Farlake's Chairman, Sean Ewing, says progress has continued "at a pace" with £76m of new funds being introduced since the year end. He added that the Company's new internet service, fundsdirect.co.uk, offering commission free, execution-only investment in all 1,500 authorised unit trusts, OEIC's and ISA's was trading "ahead of expectations". In determining valuations for asset management valuations, a far greater emphasis is now being placed on the level of funds under management rather than on the level of earnings. As more European institutions look to the UK for asset management expertise, it is inevitable that the more Farlake builds the funds under its wing, the more susceptible it will become to another bid approach. On a forward PE multiple of 11.3x, the shares continue to offer good value. Buy. Back to Top Acquisitions lift Honeycombe

[jonc] 27/2/2000 09:34

Looking good. Thanks for that. Regards Jon C

[capitalist] 27/2/2000 09:31

This was in the Sunday Express today: Talisman snaps up Farlake Talisman House, the AIM-listed stockbroker whose businesses include Seymour Pierce, is making its first acquisition since former HSBC director Keith Harris became chairman. Talisman is paying £25million for quoted fund management group Farlake, which revealed earlier this month it was in bid talks. The deal, expected to be announced tomorrow, will value Farlake at about 800p a share compared to Friday's closing price of 580p. About a quarter of the purchase price will be in cash, the rest in Talisman shares based on its current price of 89p. The move takes Talisman into fund management for the first time. Farlake has £500million in funds under management and three weeks ago it launched an Internet site called Funds Direct. This lists 1,500 unit trusts and allows investors to deal online. Since the launch it is believed to have done about £4million worth of business. Dealers believe the Farlake acquisition is the first of several planned by Harris. Harris, also involved in Sports Internet, joined Talisman in January. His private financial services company Keith Harris Partnership was reversed into Talisman, bringing in a high-profile set of directors including John Mackay, also a former HSBC executive, and entrepreneur Nigel Wray of Knutsford fame.The three now control 26 per cent of the group. Talisman's founder and former chairman Stephen Barclay has become head of Seymour Pierce. (c) Express Newspapers, 2000 C

[jonc] 16/2/2000 09:02

For those who are interested from todays Independent: "Keep am eye on the financial group Talisman House. Rumour has it that the owner of brokers Seymour Pierce and Ellis & Partners is eyeing an internet deal. If the punters are to be believed, AIM listed Talisman House is looking at buying or setting up a financial web site with a facility for online share dealing. The deal could do wonders for the company's share price,as it would enable Talisman to log onto the online share frenzy" Regards Jon C

[maxwar] 21/1/2000 12:55

Atlas - thanks for that, very interesting! Thanks also to NickB for bringing Talisman to my notice earlier in the month. Checked it out and are enjoying the ride north. M

[aquila] 19/1/2000 15:18

Date: 19 Jan 2000 14:50:17 Service: AFX LONDON (AFX) - Talisman House PLC said it is to acquire Keith Harris Partnership Ltd, a recently incorporated company with net assets of approximately 1.7 mln stg, made up principally of free cash balances. The company announced the acquisition along with results for the year to Sept 30 1999 which showed pretax profit of 776,592 stg, up from 147,625. Turnover increased to 5.2 mln stg from 440,000, with EPS up 36 pct at 0.45 pence. Talisman proposed a final dividend of 0.1 pence. The company said it is buying 98 pct of Keith Harris Partnerships from its shareholders, Keith Harris, John Mackay and Syncbeam Ltd, a company wholly-owned by Nigel Wray, by the issue of 68.5 mln new shares in the company. The shares will represent 28.3 pct of Talisman's enlarged issued share capital at completion. On completion of the acquisition John Mackay will be appointed chief executive of Talisman and on April 6 Keith Harris will be appointed executive chairman. Harris and Mackay will both have one year rolling service contracts with the company. Stephen Barclay will resign as chairman of Talisman on April 6 but will remain an executive director of the company and chairman of Seymour Pierce Ltd. Nigel Wray and Bernard Asher will be appointed non-executive directors of the company. Keith Harris Partnership was set up to service entrepreneurial companies where it is believed the consolidation amongst global finance houses has left a gap in the market. Talisman also announced a placing at 55 pence per share with institutional and other investors to raise a further 3.685 mln stg before expenses. Talisman said it has started the new financial year with confidence. It said it has completed 20 corporate transactions and raised over 46 mln stg for its clients since Oct 1, 1999. The group said it will focus on developing the firm's current holdings in e-commerce and other high growth sectors and further strengthening of the corporate finance team. "We will be investigating the considerable opportunity of the worldwide web particularly with regard to operating as an internet issuing house," it added. ak/

[kayak] 19/1/2000 14:31

Announcement came 5 mins later Kayak

[kayak] 19/1/2000 14:10

Talisman is yoyoing between 105 and 125/130 in expectation of an announcement on takeover etc. MMs must be very short of shares! Kayak

[jonc] 14/1/2000 08:25

Copied from other side.: FT article TALISMAN: Ex-HSBC chief plans e-focus By Richard Rivlin Keith Harris, a former investment banking chief executive at HSBC, is in talks to take control of Talisman House, a quoted stockbroker. A deal could be announced within days. Mr Harris plans to turn Talisman into a media and internet-focused investment boutique. Mr Harris, who advised Manchester United on the bid from British Sky Broadcasting in August 1998 and the sale of Comcast's UK interests to NTL, has other interests including the chairmanship of Sports Internet, a quoted content provider, and a seat on the board of Oxygen, an incubator fund which assists the development of internet companies. He has been looking for a quoted vehicle to focus his investment banking and principal investing operations. The takeover could include Mr Harris becoming chairman of Talisman House. Stephen Barclay, Talisman's founder and existing chairman, would become head of Seymour Pierce, the advisory group and one of Talisman's subsidiaries. The company also includes Ellis & Partners, a private client stockbroking business. A deal with Mr Harris is likely to cement gains for shareholders in Talisman, which was originally launched as a cash shell in August 1998. It then took over both Ellis & Peters and Clifton Financial Associates, an investment group, for £5.76m before spending £1.5m on Seymour Pierce. Shares in Talisman House have risen from 6p in September to close at 72¾p Thursday night, bring its market capitalisation to £120m. Mr Harris, who refused to comment on details of the deal, is believed to be seeking to offer investment banking and broking advice to internet groups. He is also expected to target deals in the leisure and sports business arenas. Mr Harris is expected to benefit from his relationships with entrepreneurs including Nigel Wray, one of the four backers of investment vehicle Knutsford, and Chris Akers, who led a takeover of Leeds United in 1996, before launching Sports Internet

[jonc] 12/1/2000 08:06

Whoops. No it hasn't. JC

[jonc] 12/1/2000 07:59

Spread has closed up on opening. Regards Jon C

[jonc] 12/1/2000 06:55

mick, Look forward to that. Regards Jon C

[mick] 10/1/2000 19:19

Am told that there will be a big announcement at close of business on Friday. Am told that share is likely to go between 80p and 100p. Don't know what it is about, except that there is likely to be media coverage at the week end. Don't hold any THS so can be agnostic. Personally would hold most of stake until Thurs / Fri and then shed. Company looks like it is getting very highly valued already! Best of luck with them.

[jonc] 10/1/2000 18:20

I also bought at 58p but am going to hang on for the results and any announcements that may or may not be due. Regards Jon C

[nickb] 10/1/2000 18:17

Anyone have an opinion on Talisman on this BB ? Results Rumoured to be on Thursday or Friday this week and will be good. I bought some recently at 58p not sure if to sell leading upto results or hold over them so help needed. Thanks

[mssmith] 14/12/1999 17:27

I was lucky to be given this tip at 4.5p and am still holding
Still expecting some further good news but think i should have taken a little profit

[clem] 12/12/1999 23:33

you need to be on the premium board to post HTML code and images. Sorry.

[markt] 12/12/1999 17:58

If someone knows how to post a chart on here could they add the one for Talisman House please

[markt] 12/12/1999 17:51

Anyone on this board got any, in at what price ?